How to work out balance????

tryingtodobetter

I apologise in advance if the answer to this question is here somewhere but I have looked and can't find it. How would I work out what the balance on an Egg credit card was if the minimum payment is £69.44. I don't know anymore details than this so if this is impossible to do please ignore the question. Thanks.

Clariman

It will be £3,472 of debt assuming that the Egg card has the current 2% minimum payment requirement.

tryingtodobetter

Thanks for that, not sure of rates or anything like that, but I'm sure my friend will appreciate some idea of what the debt could be. Thanks again.

Clariman

Get the Egg card minimum payment from the Summary Box on their website (which is 2%).

Then do (£69.44 x 100) divided by the minimum payment (i.e. 2) = £3,472

Clariman

RocketMan

Hello, the minimum repayment on egg is 2% of the balance.

So assuming you have it set to pay the minimum you should have a balance of £3472 on the card before you make the payment